The rumour verification process would now be triggered by changes in price or material price movements , as the paper defines it.
What this means is that companies would need to verify rumours only if the share price moves significantly.
Are auditors the only ones responsible for reporting corporate fraud? While regulators expect them to take a more active role and more measures are in the offing, where does the buck stop? - Issue Date: Nov 26, 2023
Reliance to spin off O2C biz into 100% subsidiary
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File photo of an RIL refinery. The company had first announced its plan to form the O2C division in 2019.
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RIL was exploring opportunities to bring in strategic or other investors in the O2C business
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MUMBAI :
Reliance Industries (RIL) is carving out its oil-to-chemicals (O2C) business into a 100% wholly-owned-subsidiary, clearing the decks for the induction of an international partner, the company said on Tuesday.
RIL had first announced its plan to form the O2C division in 2019, ahead of inducting Saudi Aramco as a minority partner in the unit. RIL has been in talks with Aramco for nearly two years for a 20% stake sale in the O2C unit for $15 billion.